Internal Revenue Bulletin No. 2000-12

Links to Official IRS Bulletin Documents listed below are in the Adobe Acrobat PDF Format, and require the appropriate Acrobat Reader to view and/or print.

INCOME TAX

Notice 2000-16(PDF, 11K)
This notice publishes a tentative determination under § 809 of the Internal Revenue Code of the "differential earnings rate" for 1999 and the rate that is used to calculate the "recomputed differential earnings amount" for 1998.

Rev. Rul. 2000-13(PDF, 21K)
For purposes of the taxation of fringe benefits under section 61 of the Internal Revenue Code, section 1.61-21(g) of the Income Tax Regulations provides a rule for valuing noncommercial flights on employer provided aircraft. flight was taken by the appropriate aircraft

Rev. Rul. 2000-14(PDF, 15K)
LIFO; price indexes; department stores. The January 2000 Bureau of Labor Statistics price indexes are accepted for use by department stores employing the retail inventory and last-in, first-out inventory methods for valuing inventories for tax years ended on, or with reference to, January 31, 2000.

Rev. Rul. 2000-15(PDF, 24K)
Election in respect of losses attributable to a disaster. This ruling lists the areas declared by the President to qualify as major disaster or emergency areas during 1999 under the Disaster Relief and Emergency Assistance Act.

Rev. Rul. 2000-16(PDF, 18K)
Interest rates; underpayments and overpayments. The rate of interest determined under section 6621 of the Code for the calendar quarter beginning April 1, 2000, is the sum of the federal short-term rate plus 3 percentage points (2 percentage points in the case of a 6621(c) and § 301.6621-3 of the Regulations on Procedure and Administration for the definition of a large corporate under-payment 2000, will be 9 percent for overpayments (8 percent in the case of a corporation), 9 percent for underpayments, and 11 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 is 6.5 percent.

EXEMPT ORGANIZATIONS

Announcement 2000-15(PDF, 8K)
The names of organizations that no longer qualify as organizations described in section 170(c)(2) of the Internal Revenue Code of 1986 are listed below.

REG-209601-92(PDF, 45K)
This document contains proposed regulations relating to the tax treatment of sponsorship payments received by exempt organizations.

ADMINISTRATIVE

Announcement 2000-12(PDF, 18K)
The Treasury Department and Internal Revenue Service issued three sets of temporary and proposed regulations requiring promoters to register confidential corporate tax shelters and to maintain lists of investors and requiring corporate taxpayers to disclose large transactions that have characteristics common to tax shelters.

Announcement 2000-16(PDF, 27K)
This document contains proposed regulations relating to the postponement of certain tax-related deadlines due either to service in a combat zone or a Presidentially declared disaster.

Notice 2000-15(PDF, 10K)
Transactions that are the same as or substantially similar to transactions described in the list below have been determined by the Internal Revenue Service to be tax avoidance transactions and are identified as "listed transactions" for purposes of § 1.6011-4T(b)(2) of the Temporary Income Tax Regulations and § 301.6111-2T(b)(2) of the Temporary Procedure and Administration Regulations.

Rev. Proc. 2000-19(PDF, 100K)
This revenue procedure provides the general requirements and conditions for the development, printing, and approval of all substitute tax forms to be acceptable for filing in lieu of official IRS forms. Certain unique, specialized forms require the use of other additional revenue procedures to supplement this publication. See Chapter 4. The Internal Revenue Service accepts quality substitute tax forms that are consistent with the official forms and do not have an adverse impact on our processing. The IRS Substitute Forms Program administers the formal acceptance and processing of these forms nationwide. While this program deals primarily with paper documents, it also interfaces with other processing and filing media such as: Magnetic tape, Optical character recognition, and Electronic filing, etc.